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OKC Listed in Top 15 Retail Markets
With one of the country's strongest housing markets and both per-capita income and population increasing faster than national averages, Oklahoma City lands at lucky number 13 on Marcus & Millichap's "Top 15 Retail Markets" list.
(January 20, 2010)
Marcus & Millichap Real Estate Investment Services / Retail Traffic Magazine | Archived Article
Real Estate
INDUSTRIAL MARKET OVERVIEW
|
Region |
Industrial Inventory |
Land Cost Low |
Land Cost High |
Industrial Inventory Vacancy Rate |
Industrial Lease Rate Low |
Industrial Lease Rate High |
Construction Material Cost Index |
Construction Labor Cost Index |
Total |
|
Greater OKC |
82,000,000 |
$1.23 |
$3.55 |
22.0% |
$2.90 |
$4.49 |
97.1 |
64.3 |
82.6 |
Source: SIOR, Comparative Statisics, 2006; Means Construction Index, 2006; Local real estate contacts, 2006.
INDUSTRIAL INVENTORY
|
Region |
Total |
Building Type: Manufacturing |
Building Type: Warehouse |
Building Type: R & D |
|
Greater OKC |
82,000,000 |
28,700,000 |
41,000,000 |
12,300,000 |
Source: SIOR, Comparative Statistics of Office and Industrial Markets, 2006; Local real estate contacts, 2006.
OFFICE MARKET OVERVIEW
|
Region |
Office Inventory Total Square Feet |
Office Inventory Vacant Square Feet |
Office Inventory Vacancy Rate |
Office Lease Rate Low |
Office Lease Rate High |
Construction Material Cost Index |
Construction Labor Cost Index |
Total |
|
Greater OKC |
15,363,000 |
3,896,556 |
12.9% |
$12.33 |
$15.67 |
97.1 |
64.3 |
82.6 |
Source: SIOR, Comparative Statistics, 2006; Means Construction Index, 2006; Local real estate contacts, 2006.
OFFICE INVENTORY
|
Region |
Location: Suburban |
Location: CBD |
|
Greater OKC |
9,656,000 |
5,707,000 |
Source: SIOR, Comparative Statistics of Office and Industrial Markets, 2006; Local real estate contacts, 2006.